Philippines News

Anchor Land profits surge on strong sales, completed projects

GMANews.TV - Saturday, November 21

Anchor Land Holdings Inc., an upscale real-estate company, said earnings surged by more than half as it increased sales and completed more projects. More »

  • Banks' bad debt ratio declines to eight-year low

    GMANews.TV - Saturday, November 21

    Soured loans of universal and commercial banks fell to an eight-year low as the industry continued to lend steadily, the Bangko Sentral ng Pilipinas reported on Friday.

  • Land Bank extends bigger loan to priority sector

    GMANews.TV - Saturday, November 21

    State-owned lender Land Bank said loans extended to its priority sectors rose by nearly a fifth as of end-September.

  • GSIS asks regulator to delist MPIC shares

    GMANews.TV - Saturday, November 21

    State-run Government Service Insurance System asked corporate regulators to suspend the trading and delist shares of Metro Pacific Investments Corp., the local unit of Hong Kong conglomerate First Pacific Co.

  • Andrew Tan's holding firm says earnings up on higher revenues

    GMANews.TV - Friday, November 20

    Andrew Tan-led Alliance Global Group Inc. on Friday said nine-month earnings rose by nearly a fifth on the back of higher revenues from its units.

  • Bankard buys three floors in affiliate's building to save on rent

    GMANews.TV - Friday, November 20

    Credit card issuer Bankard Inc. said its acquisition of three floors in a building project owned by an affiliate was carried out to save on rent and earn from its investments.

  • Megaworld to list bonds on PDEX

    GMANews.TV - Friday, November 20

    Developer Megaworld corp. will be listing its fixed-rate bonds, the proceeds of which will be used for the development of a mixed-use project in Fort Bonifacio, on the Philippine Dealing & Exchange Corp.

  • RP shares plunge on weak US, Asian markets

    GMANews.TV - Friday, November 20

    Philippine share prices retreated on Friday, snapping a three-day upswing as investors digest a number of negative developments, analysts said.

  • JG Summit completes peso bond issue

    GMANews.TV - Friday, November 20

    JG Summit Holdings Inc., the publicly-listed flagship company of the Gokongwei group, completed its maiden peso bond issue and increased the size of its offering following strong demand from investors.

  • Ayala Land creates subsidiary for small retail centers

    GMANews.TV - Friday, November 20

    Property giant Ayala Land Inc. will be creating a wholly-owned subsidiary to handle the development of "neighborhood centers", small format retail facilities, to be located within the company's growth centers in Luzon.

  • Preneed sales in August slip by more than half

    GMANews.TV - Friday, November 20

    Preneed sales in August dropped by more than half owing to the weak subscription to education, life and pension plans.

  • SM Prime eyes overseas listing of China malls

    GMANews.TV - Friday, November 20

    SM Prime Holdings Inc., the country’s largest owner and operator of shopping malls, is studying the possibility of overseas listing for the company which operates its malls in China.

  • Arroyo govt failed to create the millions of new jobs it promised

    GMANews.TV - Friday, November 20

    The Arroyo administration was unable to create the jobs it promised to generate during the past five years, a report made by the Philippines’ socioeconomic body said.

  • Philippines sees Q3 GDP growth at 1.6-2.6 pct on year

    Reuters - Friday, November 20

    (Adds details, background)

  • RP to tear down Fujimi property so that it can lease land for 50 years

    GMANews.TV - Friday, November 20

    Despite opposition from cultural conservationists, a government-owned structure in Tokyo will be demolished so that it can be leased for 50 years, helping earn funds for the cash-strapped Arroyo administration.

  • Finex names SM's Sio CFO of the year

    GMANews.TV - Thursday, November 19

    An association of financial executives in the country chose Jose Sio of the SM Group, owned by the Sy family and the Philippines' wealthiest, as the recipient of CFO (chief financial officer) of the Year Award.

  • Alphaland moves one step closer to backdoor listing

    GMANews.TV - Thursday, November 19

    Property firm Alphaland Development Inc. , led by former trade minister Roberto Ongpin, will do a backdoor listing at the Philippine Stock Exchange following a deal with listed Macondray Plastics Inc.

  • New taxes ruled out after RP breaches deficit cap

    GMANews.TV - Thursday, November 19

    The Arroyo administration ruled out any new tax measures after the government spent more than expected, breaching its full-year deficit cap in ten months.

  • Manila could launch global, yen bonds as early as January

    Reuters - Thursday, November 19

    MANILA, Nov 19 (Reuters) - The Philippines could launch yen and dollar bonds as early as January, but the exact timing and size of the debt issues will depend on market conditions, a senior official said on Thursday.

  • Megaworld says fixed-rate bonds oversubscribed

    GMANews.TV - Thursday, November 19

    Listed developer Megaworld Corp. on Thursday announced that its fixed rate bonds received significant interest from investors.

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